América Móvil Posts 1Q26 Profit of MX$23B, Banorte posts MX$15.5B
Summary
América Móvil posted a 25.1% year-over-year rise in 1Q26 net profit, helped by lower financing costs and currency strength. Banorte also reported a modest profit increase, with lending growth supporting its results. The Mexican Ministry of Finance completed another domestic debt refinancing operation to extend maturities and improve liquidity. The article also notes Pulpos’ US$5 million seed round, which it plans to use to add AI agents to its POS platform.
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